Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

QIWI completes acquisition of 70% interest in Contact and Rapida

QIWI has completed the acquisition of a 70% interest in the Contact money transfer system and the Rapida payment processing system.

The acquisition has been completed in exchange for the issuance of 3,915,129 class B shares to Otkritie Financial Group pursuant to QIWI’s agreement to acquire 100% ownership of Contact and Rapida.

The deal was previously announced on 14 May 2015.

QIWI anticipates that it will acquire the remaining 30% interest in Contact and Rapida from Otkritie in exchange for the issuance of 1,677,912 class B shares to Otkritie before the end of July 2015, subject to the satisfaction of various closing conditions.